Smart homebuyers know how much home they can buy BEFORE they start looking. By getting pre-qualified at Quest, you will feel more confident in your purchasing power. You will know that you have been approved for a loan and what price range of homes you can consider. Also, negotiating a purchase contract without the stipulation of loan approval can often give you an edge with the seller.

With the many alternatives in today’s housing market, it is best to identify the price range appropriate to your financial situation. Contact Quest Credit Union to get pre-qualified and find out how much home you can afford. We will pre-qualify you and issue a firm mortgage commitment (subject to satisfactory appraisal and contract sale on the home).

Contact Quest Credit Union Mortgage Department at (877)-673-8298.

Once You’ve Been Prequalified

Be sure to tell your real estate agent that you have been approved for a loan at Quest Credit Union and that you want to close with us. It will save you time in the closing process—since much of the work has already been done.

In addition to saving time, Quest can save you money. Our closing costs and rates are lower than many competitors. We do not add unnecessary “junk fees” to our costs as many other lenders do. Contact our Mortgage Department today to find out more!

Contact Quest Credit Union Mortgage Department at (877)-673-8298.

The Loan Process

The time period following the submission of an application can be an anxious one. It may appear to take a long time, but there are many details that require attention. Knowing more about the loan process may help ease any anxiety that you may feel.

Qualification for a mortgage loan is based on the ability to make monthly payments (assuming the minimum down payment requirement and closing costs are covered). Consideration is also given to your credit history, household income and the appraised market value of the home you are purchasing, or the refinancing of your existing mortgage.

After we receive a completed application package, we will have the property appraised, verify your employment, verify your deposits, and order your title commitment. Upon receipt of these items, your loan officer will review your loan. If everything is in order, we can prepare the loan for commitment.

Once you accept the commitment and all the conditions have been met, a closing can be scheduled. Prior to the closing, a survey and inspections of the property may be required. From start to finish, the loan process usually takes about 60 days.